Earnings season is the toughest and most difficult time in the stock market for traders and investors alike. There are so many companies reporting earnings, and so many of them that miss analyst estimates or cut guidance that it creates a huge loss for the trader holding the stock. In my video, I am going
My Swing Trading Strategy I sold Jacobs Engineering (JEC) for a +3% profit yesterday but also took a -1.5% loss in Ralph Lauren (RL). The reward/risk was textbook between the two of 2:1. I added one new swing-trade yesterday to my portfolio and won’t rule out another today. However, my confidence in that happening is low,
My Swing Trading Strategy I did not add any new positions yesterday as the market’s price action simply didn’t warrant it. Instead I raised my stops where I could. I will be open to adding another long position today, but won’t hold out hope for it, if the market decides to fade tech strength today.Â
My Swing Trading Strategy Two new positions were added yesterday, while continuing to hold on to the existing trades. I’ll entertain adding another today, if yesterday’s momentum can be sustained.  Indicators Volatility Index (VIX) – Dropped 1.1% down to 12.28, bouncing off the lows in the final hour of trading. I don’t expect big moves to
My Swing Trading Strategy I added one new position yesterday, while taking a loss in Hewlett Packard (HPQ). The breadth was horrible, with NYSE declining issues leading the way by a 17:11 margin. It is never a good sign when the Nasdaq 100 makes new all-time highs, while the number of stocks making new
Earnings season is four times a year, and that represents four times a year you can avoid disastrous results for your stock market portfolio. The worst thing you can do is try to predict the direction a stock will take following the release of its earnings report. You have to be able to predict a
It bothers me so much to see swing traders taking huge gambles on a company's earnings report, as if they can somehow game the system and come out consistently on the winning side. News flash - you can't. I am going to cover the fallacy of being able to trade stocks and hold them through
Sometimes I think it is pointless to convince someone not to short stocks into earnings, when they already have it in their blood to do so. The worst thing that can happen to these traders is to have a string of winning trades related to shorting a stock ahead of their earnings. It gives them
Technical Outlook: Quiet day in the market yesterday with a finish five points higher on SPX. Right now SPX is riding that 5-day moving average. The last two days it has tested the MA and held it both times. Today, there is some pre-market weakness that will likely result in another test of the 5-day